MinichMacGregor Wealth Management LLC Makes New $1.51 Million Investment in SpaceX $SPCX

MinichMacGregor Wealth Management LLC acquired a new stake in shares of SpaceX (NASDAQ:SPCX) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,017 shares of the company’s stock, valued at approximately $1,511,000.

Other hedge funds have also added to or reduced their stakes in the company. SC US Ttgp LTD. bought a new stake in shares of SpaceX in the 2nd quarter valued at about $20,933,621,000. Darsana Capital Partners LP bought a new stake in shares of SpaceX in the second quarter worth about $17,335,783,000. K5 Global Advisor LLC purchased a new stake in SpaceX in the 2nd quarter worth approximately $6,587,531,000. State Street Corp purchased a new position in shares of SpaceX during the second quarter valued at approximately $1,858,329,000. Finally, Dragoneer Investment Group LLC purchased a new position in SpaceX during the 2nd quarter valued at $1,366,880,000.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Argus raised SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research note on Friday, August 7th. Susquehanna lifted their price objective on SpaceX from $144.00 to $173.00 and gave the company a “neutral” rating in a research note on Wednesday, October 7th. Clear Str raised shares of SpaceX to a “strong-buy” rating in a report on Tuesday, July 7th. Stifel Nicolaus assumed coverage on SpaceX in a research note on Tuesday, July 7th. They set a “buy” rating and a $190.00 target price on the stock. Finally, William Blair reissued an “outperform” rating on shares of SpaceX in a report on Friday, October 9th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, nine have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $220.06.

Insiders Place Their Bets

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the firm’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the completion of the transaction, the chief operating officer owned 2,472,035 shares in the company, valued at $379,630,414.95. This trade represents a 12.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Analyst support remains strong: Morgan Stanley reiterated an Overweight rating and a $300 price target, while Raymond James maintained a Strong Buy rating with an $800 target. Analysts point to Starship, Starlink and potential wireless and AI businesses as long-term catalysts. Morgan Stanley sets SpaceX stock price target
• Positive Sentiment: Starlink is adding customers rapidly: SpaceX reportedly added about 570,000 subscribers per month in the second quarter, supporting the company’s only profitable major business and potentially generating roughly $450 million in additional annualized revenue per monthly subscriber cohort. Starlink Is Adding 570,000 Subscribers a Month
• Positive Sentiment: Operational momentum continues: A successful Falcon 9 cargo and Starlink launch reinforces SpaceX’s launch execution, while its proposal to increase Starship activity to as many as 456 launches annually could materially expand capacity if regulators approve it. SpaceX successfully launches cargo to the ISS
• Neutral Sentiment: Upcoming share unlock: As many as 1.3 billion additional shares may become eligible for trading on October 24. Earlier unlocks have not consistently caused major declines, but the event could increase short-term volatility and supply. SpaceX share unlocks
• Negative Sentiment: Ukraine-related controversy is weighing on sentiment: Ukrainian officials and Reuters reported that SpaceX restricted or slowed military Starlink terminals, disrupting combat missions. The episode raises reputational, political and contract risks. Ukraine accuses SpaceX of crippling drone missions
• Negative Sentiment: Investors are concerned about spending and leverage: SpaceX is reportedly seeking up to $40 billion in new debt while funding AI infrastructure, spectrum acquisitions, terrestrial wireless capabilities and satellite expansion. Critics argue Starlink Mobile could require billions more before producing meaningful revenue. SpaceX wants $40 billion in new debt
• Negative Sentiment: Wireless competition remains unproven: Telecom executives and analysts question whether Starlink Mobile can match terrestrial networks, while regulatory delays in India and infrastructure, device-compatibility and spectrum costs add execution risk. SpaceX Starlink Mobile’s biggest hurdle

SpaceX Stock Down 1.8%

NASDAQ:SPCX traded down $2.89 during trading hours on Wednesday, hitting $153.65. 37,749,767 shares of the stock traded hands, compared to its average volume of 100,859,461. The stock has a market capitalization of $2.03 trillion and a P/E ratio of -1,707.87. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64. The firm has a 50 day moving average of $146.63. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.17. The business had revenue of $7.81 billion for the quarter. The company’s revenue was up 91.9% compared to the same quarter last year. Equities analysts forecast that SpaceX will post 0.07 earnings per share for the current fiscal year.

About SpaceX

Space Exploration Technologies Corp. (SpaceX) is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles, spacecraft and satellite systems designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX’s primary products and services include the Falcon 9 and Falcon Heavy launch vehicles, the Dragon spacecraft and the Starlink satellite internet network. The company also is developing Starship, a fully reusable launch and spacecraft system intended for missions to Earth orbit, the Moon and Mars.